5601 NW 2nd Avenue #3190Boca RatonFL33487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Boca Raton at 5601 NW 2nd Avenue #3190, Boca Raton, FL, 33487 earns $84/mo cash flow from $1,510/mo rent with a $1,052/mo payment. Total monthly income totals $1,510/mo, and annual cash flow totals $1,002/yr on $71,273 capital. ROI tracks 21.32% on current figures, and rental yield reads 8.43% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 111.01% and total cumulative return in cash sums $79,117. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,510/mo property income instead of your personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33487, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,620 (100%) |
| Owner Occupied HU | 7,486 (51.2%) |
| Renter Occupied HU | 3,846 (26.3%) |
| Vacant Housing Units | 3,288 (22.5%) |
| Median Home Value | $691,045 |
| Average Home Value | $878,616 |
Housing Distribution
Address Breakdown
Residential
11,941
Single Family
5,940
Multi-Family
6,001
Businesses
1,423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennipher Caso • Highlight Realty Corp/LW
Mls Name: BeachesMLS
Mls ID: #F10548500